The soft drink bottler Coca-Cola Enterprises expects foreign currency exchanges to be less favourable next year.
The chief financial officer of the world’s largest bottler of Coke products told an analysts’ meeting earlier this week: “There will be some tail wind in 2004, but it won’t be anything like it was in 2003.”
The company expects the fall in the value of the US dollar compared to the euro and other currency to add between 9 cents and 10 cents to its earnings per share in 2003.
CCE anticipates EPS to be $1.39 for the full year.
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By GlobalData